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Business Plan Competition
events.withgoogle.com/adoptastartup/

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Investments

71

Portfolio Exits

2

About Google Adopt a Startup

Google Adopt a Startup helps startups to structure for scale through hands on mentoring. Each startup receives 12 weeks hands-on mentoring, access to exclusive lectures, fire-side chats, and workshops. The winner receives AdWords credit and Google Cloud credit.

Google Adopt a Startup Headquarter Location

Dublin,

Ireland

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Latest Google Adopt a Startup News

EdgeTier named winner of 2019 Google Adopt a Startup programme

Jul 12, 2019

The EdgeTier team after winning Google's Adopt a Startup programme for 2019. Image: Chris Bellew/Fennel Photography A Dublin start-up that offers clients an AI customer support agent called Arthur has been named of Google’s Adopt a Startup programme 2019. After beating off stiff competition  at a pitch event in front of a panel of experienced judges, Dublin AI start-up EdgeTier was crowned winner of this year’s Google Adopt A Startup for its efforts to bring automation to the customer support sector. The company’s automated assistant, Arthur, uses AI, analytics and machine learning to quickly generate personalised responses to a variety of customer queries. The software is designed to work with human customer support staff to answer complex customer queries more efficiently and accurately. EdgeTier said that Arthur has so far decreased query handling times by up to 80pc while providing administrators a detailed view of the data behind their contact centre operations. As part of the Google prize, it will now receive €10,000 in Google Ads credit and will become eligible for the Google Cloud Platform for start-ups which come with $100,000 Google Cloud credit. EdgeTier recently secured a €1.5m seed funding round from UK and Irish-based investors and its CEO, Dr Shane Lynn, said this will enable the firm to aggressively grow the company in the coming months in addition to being aided by the Google prize. “The insights from Google’s Adopt a Startup programme will help us to scale more effectively, avoiding pitfalls along the way,” he said. “Customer service is a gigantic market; there are over 6,000 customer contact centres in the UK alone.” Speaking of the company’s competition success, Google Ireland’s director Paddy Flynn said: “I think the opportunity for EdgeTier to grow is extremely high. The market segment they are targeting is ripe for the AI based solution they have developed. They are in the right place, at the right time with the right product to achieve success.” Four other finalists took part in the last pitch event including Allergy Lifestyle, SureSitter, Vrai and Coroflow. Allergy Lifestyles came in second place receiving €5,000 in Google Ads credit while Coroflow came in third place receiving €3,000 in Google Ads credit. SureSitter was awarded a special prize of three months free hotdesking at co-working space Dogpatch Labs.

Google Adopt a Startup Investments

71 Investments

Google Adopt a Startup has made 71 investments. Their latest investment was in EdgeTier as part of their Biz Plan Competition on July 7, 2019.

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Google Adopt a Startup Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/12/2019

Biz Plan Competition

EdgeTier

No

1

5/23/2019

Incubator/Accelerator

VRAI

Yes

1

5/23/2019

Incubator/Accelerator

Wrkit

Yes

1

5/23/2019

Incubator/Accelerator

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$99M

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10

5/23/2019

Incubator/Accelerator

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$99M

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10

Date

7/12/2019

5/23/2019

5/23/2019

5/23/2019

5/23/2019

Round

Biz Plan Competition

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Company

EdgeTier

VRAI

Wrkit

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Amount

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Google Adopt a Startup Portfolio Exits

2 Portfolio Exits

Google Adopt a Startup has 2 portfolio exits. Their latest portfolio exit was CornerJob on August 30, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/30/2019

Acquired

1

00/00/0000

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10

Date

8/30/2019

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

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